Political Economy Archives - Ethics & Public Policy Center
How the ‘Reserve’ Dollar Harms America
The economic crisis of 2008-09 was similar to the crisis that triggered the Great Depression–both caused by the ‘demand duplication’ required by using the dollar as an official reserve currency.
Paul Krugman: The Dollar’s Reserve-Currency Role Is A ‘Much Over-Rated Phenomenon’
Keynesians who like Professor Krugman engage in magical thinking have never been infrequent. What is new is that they are being joined in growing numbers by Keynesians who don’t.
Where the Gold Standard Act of 1984 Came From–and Why It’s Still Relevant
The debate that led to Jack Kemp’s Gold Standard Act of 1984 also explains why the agreement on gold that eluded President Ronald Reagan is now finally possible.
The Major Problems Congress Created by Ending the Classical Gold Standard
Congress created the three major economic problems that haunt the United States today by ending the classical gold standard.
An American Theory of Public Choice
Despite its apparent attractions it is time to retire the neoclassical theory of public choice and re-adopt the Founders’ theory of American public choice.
President Obama will have succeeded, and any candidate of either party contending for the presidency in 2016 will succeed or fail, in precise proportion to these classic and successful principles of American public finance.
Principles of Economic Sanity Redux
President Obama and any 2016 presidential candidates will succeed or fail precisely in proportion to their adherence to these four principles of economic sanity.
Redeeming Economics: How Federal Budgets Affect the American Family
Without reforms of the magnitude Congressman Ryan proposes, there will be no way to prevent a sharp decline in the U.S. birth rate, and thus a decline in the relative size of the U.S. population and economy.
The Chaos Congress Caused by Ending and How It Will Restore the Gold Standard
Presented by Jeffrey Bell, on behalf of John D. Mueller, Lehrman Institute Fellow in Economics at the Ethics and Public Policy Center, to the Heritage Foundation “Conference on a Stable Dollar: Why We Need It and How to Achieve It” on October 6, 2011. I’m grateful to Ed Feulner for his invitation to take part in […]
Hamiltonian Advice for Chicken Littles
To ask “Is the S&P downgrade fair? Whose fault it is? What can be done about it?” is like posing those questions about a thermometer that reads 99 when the temperature in Washington, D.C., is actually 90 degrees in early August. The thermometer is inaccurate, possibly due to malfeasance on the part of the […]